Betfair is the trading name of The Sporting Exchange Ltd.
The Sporting Exchange Limited is registered as a limited liability company in England and Wales, company number 3770548. The registered office of The Sporting Exchange Limited is at:
Differences between betting with Betfair vs. a conventional bookmaker:
All bets on Betfair have been placed there by users who either want to have a bet in the normal way (back), or offer odds to other punters (lay).
Bets are matched between people with opposing views.
Back or lay
When you "back" a selection (be it an individual, a team, horse, dog or other), you are betting that it will win. This is just like betting with conventional bookies.
When you "lay" it, you are betting against it winning. For example, if you're betting in a market on which team is going to win the Premiership and you lay Man Utd, you offer odds to other punters who wish to back Man Utd. If Man Utd don't win, then you pick up the backer's stake. If Man Utd win, theny ou pay out. This is what bookmakers traditionally do.
You never know who you are betting against, your privacy and the confidentiality of your bets is maintained by Betfair's secure site.
At Betfair you get the best odds as you are betting against other punters not against a traditional bookmaker. Odds are consistently around 20% better
As the world's largest online betting company with a turnover exceeding £50m per week, your money is safe with betfair. Moreover, Betfair ringfence all client deposits in a separate company and refer all disputes to the Independent Betting Arbitration Service (IBAS) in the UK.
Offer odds to others: If you can't pick a winning horse/team, then pick a loser. Offer odds to others against an outcome.
Lively markets: We offer the widest range of in-running markets. On many, we match more after kick-off / the race starts and with our live price/time reporting you have more information on which to back your judgement.
Decimal odds: Calculating your return has never been easier. If you bet £10 at 2.1 you get £21 back including your stake.
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